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ArcelorMittal completed repair work on Kryvyi Rih blast furnace No. 6
ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of Luxembourg-based steel producer ArcelorMittal, announced that it has completed repair work on its blast furnace No. 6. The statement said that the repair work lasted 296 days and that the company implemented its...
Steel: India’s imports increased by 38%
According to preliminary data released by India's Ministry of Steel, India's steel imports increased by 38% to 8.32 million tonnes in FY2023-24 over the previous fiscal year, making the country a net importer of steel. On the other hand, the country's steel exports...
Copper: price nears 15-month highs thanks to reduced supply
The price of copper touched 15-month highs thanks to tightening supply and a recovery in global manufacturing activity. Prices have risen nearly 10% this year as disruptions at major mines threaten production of the refined metal at Chinese plants that account for...
HRC steel: buyers in Europe hold back from trading
On Friday, 5 April, trading remained extremely slow in the European hot rolled coil markets, but mills resisted further price declines. Buyers of hot-rolled coils in Europe maintained a hand-to-mouth approach to bookings, avoiding bulk purchases. Demand from the main...